Everforth $EFOR Stock: New South Capital Management Inc. Cuts Position

New South Capital Management Inc. lowered its stake in Everforth (NYSE:EFOR) by 42.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,037 shares of the company’s stock after selling 339,587 shares during the period. Everforth comprises 1.0% of New South Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position. New South Capital Management Inc.’s holdings in Everforth were worth $14,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Fulcrum Asset Management LLP boosted its stake in shares of Everforth by 1,272.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 41,924 shares of the company’s stock valued at $1,379,000 after buying an additional 38,870 shares during the period. Ethic Inc. increased its stake in shares of Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock worth $369,000 after buying an additional 1,092 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of Everforth during the third quarter worth approximately $241,000. Finally, Crescent Grove Advisors LLC acquired a new stake in Everforth in the third quarter valued at approximately $408,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EFOR shares. Wells Fargo & Company increased their price objective on shares of Everforth from $26.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, October 29th. UBS Group lifted their price objective on shares of Everforth from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of Everforth from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. BMO Capital Markets increased their target price on Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. Finally, Zacks Research cut Everforth from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $33.83.

Everforth Trading Up 0.2%

EFOR stock opened at $36.03 on Thursday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75. Everforth has a twelve month low of $16.90 and a twelve month high of $54.94. The business’s 50 day moving average is $35.44. The firm has a market capitalization of $1.48 billion, a PE ratio of 22.10 and a beta of 0.42.

Everforth (NYSE:EFOR) last issued its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.09. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The business had revenue of $1.03 billion during the quarter. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Everforth will post 3.74 earnings per share for the current year.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers. In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.